Derek Wolfe, the first player the Broncos selected in the NFL draft last month, has agreed to terms with the team on a four-year, $5.2 million contract.

There are $3.2 million worth of guarantees in the deal.

“It’s a relief to get it done,” Wolfe said.

One issue finished; one more to go.

A defensive tackle from Cincinnati, Wolfe was selected with the No. 36 overall pick in the second round. He did not participate in the Broncos organized team activity (OTA) workout Monday because rules say his college class must complete graduation first. Wolfe played his college ball at the University of Cincinnati, which doesn’t graduate its 2012 class until June 9.

That means Wolfe will miss all three of the Broncos’ OTA sessions. He will be back in time to participate in the Broncos’ final offseason minicamp, June 12-14.

“It’s frustrating because I want to be out there with my teammates,” Wolfe said from his home in Lisbon, Ohio. “But it’s one of those things where it’s out of my control. I’ve been working out back here at home. I wish I was back there, believe me.”

Mike Klis was with The Denver Post from Jan. 1, 1998 before leaving in 2015 to join KUSA 9News. He covered the Rockies and Major League Baseball until the 2005 All-Star break, when he was asked to start covering the Broncos.

CenturyLink, the telecommunications company that ended its sponsorship agreement with Broncos linebacker Brandon Marshall because of his protests during the national anthem last year, said it will not terminate its agreement with current client Emmanuel Sanders.